Description: This article is about the design and growth of the new variable life and annuity products.

Description: Discusses the taxation of distributions from variable annuities.

Description: This is a book review of 'The Variable Annuity, Its Development, Its Environment and Its Future' by Paul A. Campbell. This attractively produced booklet will serve as a very good introduction to variable annuities for all approaching the subject from a general insurance background. The copious references included should also make it of use to an actuary dealing with variable annuities.

Description: This article describes how to model variable annuities using a GPU along with some of the stumbling blocks.

Description: This article provides an excerpt of the results of a survey on policyholder behavior in the tail with respect to variable annuity guaranteed benefits. GMIB is specifically addressed.

Description: This article departs from the usual GMWB pricing approach by assuming that the policyholder is always smart enough to act in his/her own best interest.

Description: This article provides some insights in how to bring risk management into product development for VA guarantees.

Description: The article described two methods for calculating the benefit ratio described in AICPA Standard of Practice SOP 03-1. Method 1 calculates the benefit ratio as the quotient of the expectation of A and the expectation of B where A is benefits and B is assessments. Method 2 calculates the benefit ratio as the expectation of the quotient of A and B.

Description: Examination of full surrender and benefit utilization industry experience for Variable Annuities with and without Guaranteed Lifetime Withdrawal Benefits. Part 1 of 3 articles focuses on full surrenders and building a dynamic surrender function using predictive modeling tools.

Description: This article briefly describes the guarantees available within the segregated Fund products sold in Canada along with the associated risks and cost factors.